Prisons are institutions that have specifically been designed to handle the members of the society who are under conviction of different crimes. The people who reside in the prisons are referred to as inmates or prisoners and the time they spend in the prisons depends on the imprisonment period. This period is dependent of the intensity of the crime committed. Once in the prisons, the inmates undergo rehabilitation, incapacitation, retribution and deterrence which are elements for considered appropriate for the provision of justice to the society. In the past, it has been the responsibility of the government to manage these institutions on behalf of the society. The increased debate on the privatization of different institutions has seen a debate being launched in regard to the privatization of prisons. This implies that the main purposes of these institutions to the society are shifting from not just maintenance of justice but also as a source of financial wealth. The new advancement is directed at allowing the straightening out of the contemporary faults that exist within the public prisons such as recidivism and overcrowding but there are some people who are opposed to this due to some possible negative results. In short, the process of privatizing the prison industry has both negative and positive effects and this paper seeks to address some of the pros and cons of this exercise.
Privatization though a new concept to be applied in prison department in most of the countries across the globe, there are a few countries who used it in the past. For example during the mid 18th century, the United States government entered into a treaty with a number of private investors to manage a number of its institutions and these investors went ahead to contract inmates to some of their private enterprises as a source of labor. Some of the institutions that were contracted included 'New York Auburn and Louisiana' penal colonies.